Healthy people better at saving money, insurance provider says

Fri, 16 Sep 2005

A balanced lifestyle has been linked to balancing the book, insurance provider Legal & General found.

A survey by the insurance provider found that only a fifth of Britons are fitness fanatics that follow strict exercise routines and eat healthily.

This group was also found to be the best at their money management. Of these, 57 per cent were saving money on a regular basis and planning their finances.

Over half of the British public had to admit they lead imbalanced lifestyles. Some exercised but failed to watch their diets, whereas others were eating healthily but never made it to the gym.

Of these, 58 per cent said they were not budgeting or saving money.

So-called vanity toners made up seven per cent of the public. These were people whose reason for their healthy lifestyles was merely because they wanted to look good.

These vanity toners were best at resisting the temptation to raid their savings, with 91 per cent being able to discipline their saving habits.

Garry Skelton, marketing director at Legal & General Insurance said most people, no matter their fitness level, thought they were prepared for a rainy day. However, the survey revealed that they have not been saving money to provide for this.

"Lack of financial planning and subsequent money worries can cause great anxiety so it is important that people understand the need for planning ahead and have insurance cover in place so they are better prepared to cope with the unexpected," he said.

"Making financial fitness a component part of our general health regime could help to improve overall wellbeing."

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